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    Home > Active Ingredient News > Feed Industry News > U.S. Department of Agriculture forecasts tight supply of corn and wheat

    U.S. Department of Agriculture forecasts tight supply of corn and wheat

    • Last Update: 2001-08-15
    • Source: Internet
    • Author: User
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    Lead: the U.S Department of Agriculture released its first field survey assessment of most spring crops on Friday For example, the corn output assessed on August 1 was 9.27 billion Pu ears, down from 9.97 billion Pu ears last year The national average production forecast is 133.9 Pu ear / acre, which is significantly lower than the evaluation trend of 137 Pu ear / acre However, it is obvious that this year's output will meet the market demand first and there will be a consumption gap The U.S Department of agriculture also predicted a booming market demand At present, the export of corn in this quarter is 1875 million Pu ears, and the export volume in the next quarter will rebound to 2 billion Pu ears The demand for feed corn keeps strong due to the increase of pigs and the full range of cattle In addition, with the opening of new plants, corn for ethanol will grow significantly in the next quarter Transfer inventory may be reduced by 500-600 million Pu type ears The soybean yield is estimated at 2.87 billion Pu type ears, which is the high level of the predicted value So far, soybean production has been affected by adverse growth conditions, but there is still hope for high yield if the weather is ideal in August The August USDA soybean yield estimate was 38.7 Pu per acre However, the assessment is only slightly higher than the consumption forecast, so the transit inventory in 2001 / 02 can only slightly increase to 300 million PU.
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